While the project was originally intended to be a remake, Paramount Pictures took the chance with the original $15k indie film and has won at the box office. While fan reactions are certainly mixed on Paranormal Activity, Paramount recognizes the franchise potential and a sequel could be in development soon. You can read all about it beyond the break.
In an article over at the LA Times they report that Paramount Chairman Brad Grey said in an interview over the weekend that a sequel to PARANORMAL ACTIVITY is very possible. “We have the rights on a worldwide basis to do ‘Paranormal 2’ and we’re looking to see if that makes some sense.”
Costing only $15k ($11k depending who you ask), why wouldn’t Paramount jump on the crazy train and develop a sequel? I have a suggestion, why not find filmmakers who scoff at ACTIVITY and dare them to make something better with the same amount of money? I love a good challenge.
The LA Times also adds that “Paramount has an extra reason to make a sequel to PARANORMAL ACTIVITY beyond trying to duplicate its success: Although the studio has only domestic rights to the current film, it would have worldwide rights to a follow-up, Grey noted.”